A Framework for Value Management Practice - Second Edition

Preface

The second edition of this book has been updated to reflect the evolution of value management (VM) practice since the mid-nineties. I could have re-written it completely, as VM practice has evolved into many different areas since the first edition was written, but have decided to keep its framework and structure as it reflects the use of VM in a project environment. Chapters I to III have been updated with the recent developments in VM practice. Chapter IV has been completely rewritten to reflect the emergence of program management and the current thrust of the project management community towards agile and organizational management.

For many years, the terms value analysis (VA) and value engineering (VE) have been used alternately, ...